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Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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Articles about events, conflicts and disease around the world
Restaurant Performance Index shows Expansion in March (Bill McBride, Calculated Risk) The Restaurant Performance Index from the Nationa Restaurant Association is follwed regularly by Calculated Risk. It remains solidly in expansion territory. It is too new to have a history to review for accuracy, but the sharp decline in the 3rd and 4th quarters of 2007 certainly was a good marker for the Great Recession which was declared a year after the fact to have started in December 2007.
2015 Store Closing Roundup: Radio Shack, Wet Seal, Sears, Target, etc. (Barbara Farfan, Retail Industry about.com) Hat tip to Daniel Flemming. Store closings for retail chains are tabulated here. The list was last updated 12 April 2015. There are a total of 49 chains with 10 or more new store openings. (Caution: there appears to be some possible double counting and it is not clear if these are U.S. closings only or globally.) Those chains with 100 or more planned store closings are listed below (for a total of 5,080 closings). See also next article.
1,784 Radio Shack (Chapter 11 bankruptcy)
Apple, Starbucks, Walmart, All Retail Store Openings Planned for 2015 (Barbara Farfan, Retail Industry about.com) Hat tip to Daniel Flemming. New store openings for retail chains are tabulated here. The list was last updated 27 April 2015. There are a total of 78 chains with 10 or more new store openings. (Caution: there appears to be some possible double counting and there is spotty mentioning of global openings.) Those chains with 100 or more planned new store openings are listed below (for a total of 12,606 new openings).
2500 Subway (globally)
World Markets Weekend Update: The Worst Week of 2015 (Doug Short, Advisor Perspectives dshort.com) Doug Short is a regular contributor to GEI. Six of the eight indexes on Doug's world watch list traded lower this week, with China's Shanghai Composite as the top performer for the third consecutive week, gaining 1.89%. Hong Kong's Hang Seng was the other index to post a gain, a modest 0.26%. The S&P 500 was narrowly lower (-0.46%) and the most dismal was Paris' CAC 40, down 4.18%. However bad the week just finished, the CAC 40 is still up 16.65% for the year.
Other Economics and Business Items of Note and Miscellanea
3 Aggressive ETF Income Plays Outside The U.S. (FMD Capital) Three impressive breakout patterns here.
2 Indicted in George Washington Bridge Case; Ally of Christie Pleads Guilty (The New York Times)
If you live in the South and already own solar panels, it could take you just under three years to make up the cost of the $3,000 Tesla Powerwall battery. But if you live in the Pacific Northwest and don't have solar panels, it could take you at least 16 years to make up the cost of buying Tesla's new home battery.
AGL Takes on Tesla in Australia With 6kWh Home Battery (Bloomberg) AGL is one of Australia's largest coal-fired plant electricity producers and plans to phase out of coal and into all renewable energy over 35 years.
The coming revolution in energy storage (Chris Mooney, The Washington Post, The Bend Bulletin) The truth is Tesla isn’t the only company in the battery game, and whatever happens with Tesla, this market is expected to grow. A study by GTM Research and the Energy Storage Association earlier this year found that while storage remains relatively niche — the market was sized at just $128 million in 2014 — it also grew 40 percent last year, and three times as many installations are expected this year. By 2019, GTM Research forecasts, the overall market will have reached a size of $1.5 billion, about 160x the market in 2013.
Tesla Energy Storage: What The Bulls And Bears Say (ValueWalk) Bears value the Tesla Energy stationary storage systems at around $42 per share, while bulls slap a value of $60 to $70 per share on them.
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